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Brussels to probe Etihad airline stakes

[ May 6, 2014   //   ]

The European Commission’s DG Transport is to hold a preliminary inquiry into Etihad’s purchase of stakes in European airlines to see if they breach EU rules on ownership and control of European companies. The Abu Dhabi-based carrier has already taken stakes in Air Berlin and is in the processing of buying part of Italian flag-carrier Alitalia.

The Commission has asked the German authorities for information on the control and influence of Etihad on Air Berlin, the second German airline in which Etihad has a 29.2% stake and is also monitoring the Middle East carrier’s purchase of 33% of Swiss-based Darwin Airlines.

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